If Opportunity Zones are to empower residents, then directing OZ funds to education must be part of the investment equation. That’s the message of an in depth article in Education Next (published by Harvard’s Kennedy School) which cites LISC’s work in the Opportunity Zones—and our OZ playbook for community partners—as vital to helping residents reap the promised benefits of the tax legislation.
This year, the Federal Reserve is taking a “listening tour” of America in order to update its economic policies and strategy. In an article for Vox, economist Jared Bernstein analyzed a recent Fed panel where LISC CEO Maurice A. Jones described how the tight labor market has the potential to help those the economy has long left in the dust. The Fed, noted Bernstein, would do well to heed that insight.
For more than 30 years, LISC’s National Equity Fund (NEF) affiliate has been developing innovative solutions to affordable housing challenges. In a Q&A conversation with LISC, new CEO Matt Reilein takes a look at NEF’s unique value proposition, as the company looks to build on its record $1.2 billion in investments from 2018.
A new bipartisan bill would create a tax credit to attract capital to single-family housing rehabilitation efforts and expand affordable homeownership. The Neighborhood Homes Investment Coalition, of which LISC is a member, is advocating for the proposed program as a powerful opportunity to encourage redevelopment and revitalize communities.
For decades, Annie Donovan has led innovative efforts to spur economic opportunity and revitalize communities. Now, the former head of the CDFI Fund is bringing her considerable talent and experience to LISC, taking on the new role of chief operating officer to help drive strategies that support a broadly shared prosperity in urban and rural communities.